Lloyds shares offer to the public

Glen_Clark

Typically, the French Finance minister has said that (unlike Gideon Osborne) he will not negotiate with Google over tax but will apply fiscal rules. He has said to other multinationals 'if you trade in France you will have to pay French taxes.'
You can bet he will get more tax than Gideon - who prefers stealth taxes and does not negotiate with the poor over their tax. I recall the French making all Japanese imports go through an obscure tiny customs office in Poitiers, taking months to process. Watch and Learn, this will be interesting. The French, I am sure, will be more than a match for Google

veryintrigued

Glen_Clark wrote: »

Typically, the French Finance minister has said that (unlike Gideon Osborne) he will not negotiate with Google over tax but will apply fiscal rules. He has said to other multinationals 'if you trade in France you will have to pay French taxes.'
You can bet he will get more tax than Gideon - who prefers stealth taxes and does not negotiate with the poor over their tax. I recall the French making all Japanese imports go through an obscure tiny customs office in Poitiers, taking months to process. Watch and Learn, this will be interesting. The French, I am sure, will be more than a match for Google

Have you posted this in the correct thread?

veryintrigued

As Jamie Lawson would say - I wasn't expecting that:

http://www.theguardian.com/business/2016/feb/03/lloyds-announces-job-cuts-branch-closures

Bad news from a branch customer perspective (of which I am one as well as a share holder).

Glen_Clark

veryintrigued wrote: »

Have you posted this in the correct thread?

Oh Dear, it probably wasn't filed in the right pigeon hole :eek:
but it was following on the same subject as previous posts.;)

Thrugelmir

veryintrigued wrote: »

Bad news from a branch customer perspective (of which I am one as well as a share holder).

Closing 29 out of some 2,000. Is it really a big deal?

veryintrigued

Thrugelmir wrote: »

Closing 29 out of some 2,000. Is it really a big deal?

Probably not for those that either don't work at these branches or those that rely on these branches.

That's the spirit.

marathonic

In looking at the banking sector, I think Lloyds is better positioned than most and had fully intended in taking advantage of the government offer.

Now, as we all know, the government has postponed their sale with the shares trading significantly below their 73.6p target.

A lot of people, myself included, are looking at these shares but one must look at the expected outcome if you now wait for the government sale, and that sale proceeds under the orignal rules.

If the government are unwilling to sell below 73.6p and you buy at whatever time that price is hit, your 5% discount would have you paying 69.92p and, assuming you wait for their 12-month holding period, you'll have 11 shares for every 10. That has you paying £6.99 for every 11 shares - or 63.56p per share.

If, armed with the above information and having confidence in the future prospects of Lloyds, you are planning to take advantage of the government deal, why wait?

You can purchase shares on the open market today at 9% below the minimum price we would expect you to purchase them from the government in their planned sale.

Buying today will have you holding through the results announcement on February 25th. If the results are good, or at least not significantly below expectations, you'd also expect to pick up some dividend payments between now and the eventual government sale.

It's true that there are significant risks with this stock, including, but not limited to, PPI and Brexit. However, in my opinion, most of these risks are already priced in.

With the above in mind, I've opened a half position today at 58p. I am intending to double-down if the price hits 54p between now and results day, which would bring my average price to 56p.

Reaper

Likewise. I bought some at 60p then more at 57p

wary

We hold a shed load at average 59p. May consider adding to this but not sure how low I should wait for them to go. Up 4% today so maybe I won't now get my chance.

I'm also very positive about this stock long term, not only wrt the share price but also the dividends, which could be a nice little money-spinner for my early retirement.

Spurs_2015

marathonic wrote: »

In looking at the banking sector, I think Lloyds is better positioned than most and had fully intended in taking advantage of the government offer.

Now, as we all know, the government has postponed their sale with the shares trading significantly below their 73.6p target.

A lot of people, myself included, are looking at these shares but one must look at the expected outcome if you now wait for the government sale, and that sale proceeds under the orignal rules.

If the government are unwilling to sell below 73.6p and you buy at whatever time that price is hit, your 5% discount would have you paying 69.92p and, assuming you wait for their 12-month holding period, you'll have 11 shares for every 10. That has you paying £6.99 for every 11 shares - or 63.56p per share.

If, armed with the above information and having confidence in the future prospects of Lloyds, you are planning to take advantage of the government deal, why wait?

You can purchase shares on the open market today at 9% below the minimum price we would expect you to purchase them from the government in their planned sale.

Buying today will have you holding through the results announcement on February 25th. If the results are good, or at least not significantly below expectations, you'd also expect to pick up some dividend payments between now and the eventual government sale.

It's true that there are significant risks with this stock, including, but not limited to, PPI and Brexit. However, in my opinion, most of these risks are already priced in.

With the above in mind, I've opened a half position today at 58p. I am intending to double-down if the price hits 54p between now and results day, which would bring my average price to 56p.

I was thinking the same instead of waiting for the government sale take a punt on them now.